Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - Possible Big Market Decline Coming !!

for Monday, May 1, 2017

https://caldaro.wordpress.com/

* A Possible Big Market Decline Coming
similar to the decline in the last week of January.

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Should the recent rally reverse
we see support in the SPX 2320’s
and then around SPX 2300.

Worse case
would be the 2286 and 2270 pivot ranges.

Should the rally continue
there is initial resistance
at the 2411 and 2428 pivots.

Then little resistance until the 2488 pivot.

Short term support
is at SPX 2369 and the 2336 pivot,
with resistance at the 2385 pivot and SPX 2401.

Short term momentum
ended the week with what looks like
a potential positive divergence.

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* A Possible Big Market Decline Coming
similar to the decline in the last week of January.